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Dish, a satellite TV network based out of Colorado, United States, is leading the pack in terms of blockchain adoption. The firm is collaborating with Cardano Input-Output Global (IOG) to bring a blockchain-based decentralized loyalty program to its user base.
As stated by “ADA whale,” a Cardano community-focused Twitter account, Cardano remains one of the few coins that comes close to Bitcoin’s distribution and inflation. He also feels that ADA could become a highly scarce asset at some point in the future, as it may follow a BTC-like path.
Cardano’s [ADA] price has been under a strong bearish influence, especially since dropping from the vital $1.2-resistance. After falling below the 20 EMA (red) and 50 EMA (cyan), the altcoin was on a streak of liquidations while correlating with the broader sell-offs.
As stated by the Cardano insights Twitter account, the project is about to celebrate 700,000 users on their subreddit as the number of wallets opened on the network exceeds 3.6 million.
On May 12th, the Santiment analytics team observed an increase in Whale transactions on the Cardano chain, while the price dipped to the $0.40 level.
As bitcoin and other cryptocurrencies have lost more than 40% of their value in a matter of days, the market faced a so-called capitulation when the selling pressure was mostly satisfied by bulls.
After several days of massacres, bitcoin finally initiated an impressive leg up, resulting in a $6,000 green daily candle.
Cardano (ADA) developer and researcher who goes by @Soorajksaju2 on Twitter published a thread to cover the major milestones that the largest PoS network will achieve with the release of the Vasil hard fork in late June 2022.
The major cryptocurrencies have either fixed their number of coins or, at the least, have capped their potential circulation growth. Central banks operate otherwise.